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Forex
Gold price marks another record high – Commerzbank
Gold rises to new highs after the Fed's 50-basis-point interest rate cut. According to Fed Funds Futures, a further interest rate cut of 50 basis points is to…
Switzerland didn’t ship any Gold to China in August – Commerzbank
The Swiss customs authority published data on Gold exports on Thursday. Swiss Gold exports in August show no supplies to China for the first time since January…
EUR/USD: Encounters better selling pressure in upper 1.11s – Scotiabank
EUR/USD retains a firm undertone but EUR has drifted off its best levels of the week as short-term yield spreads correct slightly from the peak seen earlier…
AUD/USD Price Forecast: Continues posting green candlesticks as it pushes higher
AUD/USD edges higher towards the top of a long-term range.
Momentum is diverging bearishly with price, however, suggesting a risk of a pullback evolving.…
GBP/USD: GBP stumbles after firm Retail Sales – Scotiabank
Stronger than expected August Retail Sales (up 1.0% in headline terms versus a 0.4% rise expected) drove the pound to its highest in 2 1/2 years against the…
US Dollar goes nowhere with traders already looking forward to next week’s data
The US Dollar further consolidates on Friday after weakening further on Thursday.
Traders have devalued the US Dollar a touch, amidst the Bank of Japan and…
GBP/CAD Price Prediction: Uptrend extends to upper channel line
GBP/CAD has rallied up to resistance at the upper channel line of a rising channel.
It is at an important crossroads. The uptrend holds but price is…
Gold: Some buying activity is hitting the tapes – TDS
Gold prices continue to melt into new all-time highs in the overnight, TDS Senior Commodity Strategist Daniel Ghali notes.
Shanghai trader positioning has…
GBP/USD Price Forecast: Gains modestly after hitting record high above 1.3300
GBP/USD hits resistance at 1.3340 and forms a potential ‘shooting star’ candlestick, signaling possible further losses.
Key support lies at 1.3250, with…
EUR/GBP Price Analysis: Sellers hit the gas and take further ground
EUR/GBP weakens further, and buying pressure continues to retreat.
The RSI is moving dangerously near the oversold threshold.
The 0.8380 presents a strong…